Ceconomy AG (CEC1) Receives Average Recommendation of “Buy” from Brokerages
Ceconomy AG (ETR:CEC1) has earned an average recommendation of “Buy” from the eighteen brokerages that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and ten have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is €32.85 ($40.55).
Ceconomy (CEC1) traded up €0.10 ($0.12) during midday trading on Wednesday, hitting €11.05 ($13.64). The stock had a trading volume of 1,939 shares, compared to its average volume of 4,322. The company has a market capitalization of $3,670.00 and a price-to-earnings ratio of 52.62. Ceconomy has a 1 year low of €8.88 ($10.96) and a 1 year high of €29.50 ($36.42).
Ceconomy Company Profile
Ceconomy AG engages in the consumer electronics retail business. It operates multichannel consumer electronics stores under the MediaMarkt and Saturn brand names; redcoon.de, an online electronics store; and JUKE!, a music streaming service that comprise songs, films, games, and e-books. The company also operates iBOOD, a live-shopping portal; Flip4New!, a purchasing service for consumer electronics, which allow customers to sell used electronic articles; and LocaFox, a local commerce platform that connects local retailers with the multichannel world.
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